Bitcoin, which is currently the top cryptocurrency has a market capitalisation of $69.5 billion. The Bitcoin has appreciated 7.53% in past 24 hours and was trading at $3,989 a piece.

The potential triggers behind the rally could be a closing of short positions – wherein, people buy when they close a short, sparking the bull run, as well as, the market could be finally reaching the oft-predicted ‘bottom.’

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